The EURUSD pair declined in recent intraday trading after encountering resistance at the EMA50 while testing a short-term descending trendline. This strong technical barrier halted the upward move and pushed the pair lower, erasing most of yesterday’s gains.

The decline was reinforced by negative signals from the relative strength indicators, with a bearish divergence emerging after the indicators reached overbought levels. These signals are increasing selling pressure on the pair.

Bitcoin (BTCUSD) witnessed fluctuated trading during its recent intraday trading, amid the dominance of the main bearish trend on the short-term basis, with the continuation of the negative pressure that comes from its trading below EMA50, on the other hand, the relative strength indicators forms positive divergence, and the emergence of the supported signals for the upside movement due to the stability against the selling pressure, to attempt to recover some of the losses.

Crude oil prices slipped lower during recent intraday trading, due to the stability of the key resistance at $93.50, to look for higher low to take it as a base that might help it to build the required bullish momentum for its recovery, to lean on EMA50’s support, with the relative strength indicators reaching oversold levels, exaggeratedly compared to the price move, to indicate forming positive divergence to reinforce the chances of a recovery in the upcoming near period.

Gold prices declined during recent intraday trading, affected by the stability of the resistance at $4,500, accompanied by reaching EMA50, besides forming negative divergence on the relative strength indicators, after reaching overbought levels, exaggeratedly compared to the price move, with the emergence of negative overlapping signals, forcing it to rebound lower.